February 3, 2026 - TRA Newswire -

Canadian Pacific Kansas City, one of the "Big 3" railroads that operates in Texas, reported that full year 2025 revenue increased 4% and net income rose 11.4%. Calgary, Canada based CPKC finished last year with C$15.1 billion revenue, and net income of C$4.1 billion.

"Our fourth quarter and full year results demonstrate exceptional execution in a challenging market by controlling what we could control," said Keith Creel, CPKC President and Chief Executive Officer. "Despite macroeconomic and trade policy headwinds in 2025, our Precision Scheduled Railroading (PSR) model again enabled us to control costs and deliver a record core adjusted operating ratio while capitalizing on our unique growth opportunities." 

Fourth-quarter 2025 revenue rose 1% while net income declined 1%.

CPKC operates over the "Meridian Speedway" from DFW to Shreveport, south along the eastern edge of Texas and throughout the Gulf Coast and Rio Grande Valley to Laredo. The railroad also has an extensive presence in Mexico. 

 In 2025, for the third consecutive year, CPKC led the industry with the lowest FRA-reportable train accident frequency among Class 1 railroads, building on Canadian Pacific's legacy of 17 consecutive years of industry leadership.

"Safety is at the core of everything that we do, and our performance reflects the dedication of our railroaders and their unwavering focus on operational excellence," Creel added. "Looking ahead to 2026, record grain harvests and a pipeline of unique growth opportunities position this company to continue producing differentiated results." 

Capital expenditures for 2026 are estimated to be $2.65 billion, which is a reduction of approximately 15% from 2025 CapEx projects.